Jarvis Share Discussion Threads

[mustadun] 31/3/2010 15:48

Anyone know when this officially becomes a CGT loss? This financial year or next? When have I legally lost my £13 grand? :(

[dafrog] 31/3/2010 14:13

Volsung. Just go to North Korea, they still have it all run by government officials.

[boldtrader] 31/3/2010 13:58

Burdale Stinks, NR Stinks, Just one big stink as always. Burdale get their money, HMRC get their money. smalltime PI's and Joe public get zilch. Thats the way it is these days,stinks. Look out for yourself just like the bankers and politicians. Good luck to all and cheers.

[joeblogg2] 31/3/2010 13:45

All so avoidable. I hope Norris and all those involved in destroying many people's lives choke on their easter eggs!!!!

[unimog] 31/3/2010 13:43

BBC.13.42pm .it has now been confirmed that 1100 jobs are to go. BBC will have full update later.

[volsung] 31/3/2010 13:40

Nationalise the lot and be done with it. Banks, lecky, gas and rail should be public.

[charles2112] 31/3/2010 13:39

1100 redundancies, on sky news!

[schosam] 31/3/2010 13:38

1100 jobs lost (sky).

[jazza] 31/3/2010 13:32

bro-in-law works (or rather worked) for Fastline in York, he's handed his pass in and is now in the pub...

That's all folks...

[unimog] 31/3/2010 13:15

There's going to be something on BBC Look North about jobs to be lost
in York.Just seen the news trailer..should be on in about 5/10 mins

[yuka] 31/3/2010 13:00

Last one to leave turn the lights out:

LONDON (Dow Jones)--Administrators running U.K. rail services company Jarvis PLC (JRVS.LN) are to cut 800 jobs at its rail renewal division, the BBC reports on its Web site Wednesday citing a labor union official.
The Rail, Maritime and Transport union's Stan Herschel said administrators Deloitte and infrastructure company Network Rail failed to reach an agreement which would have enabled the staff, based in York, northern England, to continue rail renewal work.
Herschel said the RMT union is seeking an urgent meeting with the government as it has worries the renewal work won't be done, but Network Rail noted it has other contractors in place, the BBC reports.
Jarvis entered administration earlier in the month after failing to agree new funds from lenders. Trading in its shares has been suspended.
Full story:

-London bureau, Dow Jones Newswires; [phone]; [e-mail]

[jack1236] 31/3/2010 12:40

It's o.k. Network Rail saying the other four maintenance companies can handle
Jarvis's work, but isn't health & safety something they should be looking at.

[mroptimist] 31/3/2010 12:16

National infrastructure (rail, water, electricity), just leaves the country vulnerable if in private hands.

[dafrog] 31/3/2010 11:48

and fares went up at every budget whilst other Ministry's got priority for funding. Since re-privatisation we have had the first new lines for decades and virtually all trains replaced. That does not happen under state ownership, there is just no money.

[volsung] 31/3/2010 11:35

BR in the 50s and 60s were a lot better run than the rail system now. Without a doubt. Some stuff like the rail system should remain in public hands.

[minho] 31/3/2010 11:31

In this case where does the share price money go???????? I do not hold but am interested in any facts on share money and what really happens to it, many thanks for replys to come. WLW there were some big losers there.

[dafrog] 31/3/2010 11:18

bbd2 Agree, but doubt it will happen. The BBC has indoctrinated us into believing that nationalisation is wonderful, particularly the railways. No one believes that rail, water, gas, electricity companies were all successful free enterprises before being nationalised and wrecked by socialism.

[dexdringle] 31/3/2010 11:08

Most businesses are badly run. Most directors are dim idiots (hence why they're employed and not good enough to run their own businesses). They get to play like they're running their own busines but without the risk. Bit like fantasy football managers. It's our fault though - we employed them to run our business.

Directors also lie to keep the gravy train (no pun intended) rolling. In this case they've managed to con everyone long enough to keep drawing salaries for another 5 years. Jarvis should have gone bust way back then.

Can't decide whether I'd have supported a 3 for 2 rights issue at 5p (to raise £15M) or not. Could just have perpeptuated the rip off for another 12 months but got the banks out scott free.

Suspect that there are a lot of skeletons in cupboards here that the administrators will uncover.

Shareholders are (as usual) being treated with contempt. There is no chance of shareholders getting a return here.

Would be interested to see who has taken the £200M loss (the value of the shares when the music stopped). Don't seem to be any institutional holders who are chucking in their twp penneth.

Hey ho - you lose some you lose some...........